In Hong Kong, we build a global business empire

Chapter 394 Hong Kong Land Group's HK$107 billion in cash

In addition to Li Jiacheng, Hong Kong real estate tycoons such as Guo Desheng, Li Zhaoji, Zheng Yutong, Chen Songqing, etc. also called Lin Haoran.

Their goal is to take over some high-quality real estate projects.

After all, the projects of the Hong Kong Land Group are well-known for their high quality in Hong Kong.

Even some less core plots of land, which are considered garbage by the Hong Kong Land Group, are considered to be very high-quality projects by many real estate companies in Hong Kong.

However, Lin Haoran gave a unified reply, asking them to go to Ma Shiming for negotiations.

Even Robert Kuok called to inquire about the specific situation and offered to ask whether financial support was needed, but was also politely declined by Lin Haoran.

Lin Haoran had expected them to call him on their own initiative. After all, spreading such rumors would only lead to these Hong Kong real estate tycoons coming to him.

The thirty or so real estate projects to be sold involve a capital amount of more than HK$48 billion, which seems huge.

But when it is shared by the big companies in Hong Kong's real estate industry, it doesn't seem like much.

After staying by the phone for more than an hour, Lin Haoran finally came out of the study.

The breakfast on the table had already been taken away by the servants.

However, he had almost finished eating, so it didn't matter.

At this moment, Lin Haoran's face was full of smiles.

Cui Zilong did not disappoint him. Before 24 hours had passed, the first task he had been assigned had been successfully completed.

Next, if nothing unexpected happens, there will definitely be many reporters wanting to interview Lin Haoran.

But this is just a rumor after all. It is easy to make mistakes if you talk too much about it. The best way is to refuse the interview.

Therefore, Lin Haoran simply decided not to go out.

These days, I stayed at home and didn't go anywhere, waiting for the bank information to be collected, and then analyzed carefully to decide which bank is more suitable for acquisition.

To relieve his boredom, Lin Haoran called Guan Jiahui directly and asked her to come over and accompany him for a few days.

Half an hour later, Guan Jiahui drove to the Lin family villa on Shi Xundao.

In the next two or three days, the matter of Lin Haoran’s financial crisis became even bigger.

After all, Lin Haoran is now recognized as the richest man in Hong Kong.

This title is not simple.

But now that such rumors have spread, many people find it incredible.

Just as Lin Haoran thought, many media outlets hoped to interview Lin Haoran through intermediaries such as Ma Shiming, Chen Shoulin, and Burton, but they were all rejected by Lin Haoran.

Now he has no plans to give any interviews, even to his own Oriental Daily or TVB, and will receive the same treatment.

Every day, Ma Shiming would report to him in detail on the progress of the project's sales.

On the first day, the Hong Kong Land Group successfully sold 8 real estate projects and successfully recovered HK$17.68 billion.

The next day, the results were even better. The Hong Kong Land Group successfully sold 12 real estate projects and raised funds of HK$19.97 billion.

On the third day, the group continued to move forward, selling seven real estate projects and raising HK$7 million.

On the fourth day, the Swire Group reported another good news, successfully selling 9 real estate projects and raising HK$10.5 billion.

Even Lin Haoran could not have expected that in just 4 days, all the target projects had been divided up by more than real estate giants in Hong Kong!
They either take over the project alone or join forces with other companies to take over the project.

Moreover, these real estate developers behave very crazily when faced with some real estate projects with relatively good geographical locations. For some projects, several real estate companies competed for them, and the transactions were ultimately completed at a premium.

In the end, according to the original market price estimate, these 36 real estate projects should only be sold for around HK$48 billion, but they were finally sold at a high price of HK$56 billion, which was HK$8 million higher than expected!
Together with the HK$12 billion obtained from the five major projects sold previously, this time the Swire Group sold a large number of real estate projects before the real estate crisis, and after deducting taxes, it actually recovered a full HK$68 billion!
According to the previous investment of the Hong Kong Land Group, these projects only invested about 32 billion Hong Kong dollars in total. In other words, even taking into account the previous investment, the Hong Kong Land Group has earned more than billion Hong Kong dollars for nothing!

It can be sold quickly and at a high price without affecting the market trend of real estate. This rumor plan is simply killing two birds with one stone and is very successful.

"Boss, I should have known not to sell the previous five projects so early. Those were all big projects. If you had kept them and sold them later, you could have gotten at least an extra 5 to million Hong Kong dollars in premium. Your idea is great. I can call it the simplest and most amazing business strategy I have seen in all these years!" Ma Shiming couldn't help but sigh when reporting to Lin Haoran!
"How much money is there in the group's account now?" Lin Haoran asked with a smile.

"Boss, if you include the HK$68 billion, then the total will be around HK$107.8 billion. However, not all the funds for the projects we sold in the past few days have been received. There are still more than HK$ billion that will be settled in one month.

The contract has already stated that the project can be handed over to them first, but the ownership of all projects will not be transferred to them until all the funds are received! "Ma Shiming reported quickly.

HK$107.8 billion, isn’t this higher than the total market value of Hong Kong Land Group before privatization?

Hearing this, Lin Haoran felt like he was in a dream. If the Hong Kong Land Group still maintained its status as a listed company and had such a huge cash flow, its market value would probably have reached more than 20 billion Hong Kong dollars.

Today, the Hong Kong Land Group is already going through the process of forced privatization, and judging from the latest information obtained from Wal-Mart, the progress is very smooth. Every day, a large number of shareholders go to Wal-Mart to sell their shares in the Hong Kong Land Group.

Especially in the past few days, news from the Huoduoli Company shows that more people are actively selling their stocks.

Today, Lin Haoran actually holds 96.8% of the shares of the Swire Group, which means that shareholders only hold about 3.2% of the shares.

Lin Haoran could directly announce the success of privatization, but he was not in a hurry to announce it.

His plan was to announce the successful privatization of the Jardine Matheson Group after returning from the United States!
The reason why the number of shareholders selling stocks suddenly increased was also due to the rumor. These shareholders were afraid that Lin Haoran would really encounter a financial crisis and do something detrimental to the interests of the Jardine Matheson Group.

What's more, with the proportion of shares held by Lin Haoran, it has reached the level of forced privatization. Even if they keep these shares, it will be of no use. Whether the future development of the Swire Properties Group is good or bad will have nothing to do with them.

Under such circumstances, naturally more and more shareholders of the Hutchison Whampoa Group who still held shares found the Waldorf Astoria Company to sell their shares.

Once the privatization is successful, the more than 10 billion Hong Kong dollars will naturally belong to Lin Haoran.

Although most of the money needs to be used to repay debts, the repayment period has not yet arrived. He can use these funds before the repayment period.

As expected, opportunities and risks coexist in the business world, and this time they were able to seize the opportunity, thanks in large part to their accurate judgment of the market and quick action.

"Well, since these projects have been cleared and the funds have been gradually recovered, the next main task of the Real Estate Group is to speed up the construction of the remaining more than 30 projects and ensure the quality!" Lin Haoran said with a smile.

"Boss, our Landmark Group is in this situation right now. After selling off these 41 projects, we only have about 30 projects left. These are the top priority projects of our Landmark Group, so we naturally have very strict quality control. Boss, don't worry!
Many of these projects are related to the century-long plan of the Hong Kong Land Group, so we attach great importance to them and have increased the investment in workers for the projects. However, there are still many surplus workers in our Hong Kong Land Group's construction team.

Therefore, in order to make use of these employees, the construction companies under the Hong Kong Land Group are also outsourcing projects on a large scale. The real estate industry in Hong Kong is now in full swing and construction workers are in short supply. Therefore, we are not worried about these workers having no work to do.

For example, Cheung Kong Holdings currently does not have enough construction team, so they have outsourced some of their project work to us. The same is true for other real estate companies such as Sun Hung Kai Properties, Henderson Land Development, Carrian Properties and the Guardian Group. Many of their projects are on a tight schedule, and they are very happy to hand over part of the project to our construction company.

This can be regarded as reducing a lot of burden for us. Many of these employees are highly skilled workers. I am reluctant to lay off a large number of employees due to the reduction of projects. "Ma Shiming reported.

Lin Haoran replied approvingly, "You have done a very good job. We cannot fire these good workers casually. Even if a real estate crisis does happen in Hong Kong in the future, I believe it will not last long. By then, we can take advantage of the crisis to take over some high-quality real estate projects. By then, we will have more projects and the demand for workers will naturally increase."

As far as I can remember, the real estate bubble that was about to hit Hong Kong only lasted about two years. After two years, Hong Kong's real estate recovered again and developed at a faster pace.

Under normal circumstances, a real estate project takes at least two to three years, and some may even take three to four, four to five years or even longer.

Therefore, the real estate bubble period does not mean that real estate projects need to be stopped!
After chatting with Ma Shiming for a long time, Lin Haoran hung up the phone.

107.8 billion Hong Kong dollars, such a huge amount of money, Lin Haoran feels happy just thinking about it.

The Hong Kong Land Group itself has debts of HK$48 billion, some of which need to be repaid within one year, while others need to be repaid within two to three years.

Lin Haoran's own debt of HK$33 billion to Citibank and HK$22 billion to Huifeng Bank will not be repaid for a long time.

Therefore, after the privatization is successful, the HK$107 billion can be used at will by Lin Haoran for a long period of time.

The funds were more than sufficient. At this moment, Lin Haoran felt full of security and confidence.

This money is enough to cover all his debts, and he would still have some available funds!
As for the investment funds for the more than 30 projects, a lot of them have already been invested in the early stage, and the expenditures to be made next are actually not the bulk of the entire project. (End of this chapter)

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